Andrew Griffith | WellnessMaster

Kemi Badenoch has been embarrassed after one of her shadow cabinet broke ranks with her to praise the US-UK trade deal.

Andrew Griffith, the shadow trade secretary, said the agreement “will be welcomed by exporting businesses”.

His intervention came just minutes after Badenoch said the UK had been “shafted” by Donald Trump.

Under the terms of the deal, import tariffs on British steel and aluminium being sold to America will be reduced from 25% to zero.

Tariffs on a maximum of 100,000 British cars being exported to the US will also be cut from 27.5% to 10%.

In addition, farmers in America and Britain will be able to sell beef into each other’s countries. However, the ban on hormone-treated beef coming into the UK will stay in place.

Keir Starmer said it was a “historic” deal that will save thousands of British jobs.

But posting on X, Badenoch condemned the agreement, referring referring to a US government graphic showing that, overall, the UK had cut tariffs on American imports while America has trebled those on British goods.

Badenoch said: “When Labour negotiates, Britain loses. We cut our tariffs — America tripled theirs.

“Keir Starmer called this ‘historic.’ It’s not historic, we’ve just been shafted.”

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When Labour negotiates, Britain loses.

We cut our tariffs — America tripled theirs.

Keir Starmer called this ‘historic.’ It’s not historic, we’ve just been shafted! https://t.co/hWzoCAGcKx

— Kemi Badenoch (@KemiBadenoch) May 8, 2025

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When Labour negotiates, Britain loses.

We cut our tariffs — America tripled theirs.

Keir Starmer called this ‘historic.’ It’s not historic, we’ve just been shafted! https://t.co/hWzoCAGcKx

— Kemi Badenoch (@KemiBadenoch) May 8, 2025

A Treasury minister has denied the government’s mini-budget has caused an economic meltdown, as a senior figure in government finally spoke publicly about the market turmoil.

With prime minister Liz Truss and chancellor Kwasi Kwarteng silent on the tumbling pound and interest rate fears in recent days, financial secretary Andrew Griffith was presented to the media to answer questions on their behalf.

It came as the Bank of England has launched an emergency UK government bond-buying programme to prevent borrowing costs from spiralling out of control, and followed the International Monetary Fund urging the UK to reverse a massive £45 billion tax cut funded by government borrowing.

On Wednesday, Griffith was asked by Ed Conway of Sky News if the government took responsibility for “the storm in the financial markets” since last Friday’s “fiscal event”.

In response, Griffith said: “No, we both know we’re seeing the same impact of Putin’s war cascading through things like the cost of energy, some of the supply side implications of that. And that’s impacting every major economy. Every major economy you are seeing interest rates going up as well. Every major economy is dealing with exactly these same issues.”

Griffith welcomed the “timely” intervention by the Bank of England in the markets, adding: “What the chancellor and I are focused on is delivering that economic growth plan.”

Treasury financial secretary, Andrew Griffith says the current economic issues are being experienced in “every major economy” due to Putin’s war, not the mini budget.

He adds that the government’s focus is on implementing their economic growth planhttps://t.co/WUnquWvHqf pic.twitter.com/u5g7nByTyz

— Sky News (@SkyNews) September 28, 2022

While the Tories are denying a self-inflicted wound, some are happy to blame others.

Tory peer Daniel Hannan was mocked after he blamed the economic on the prospect of Keir Starmer becoming prime minister.

He said a Labour victory at the next election would lead to “higher taxes, higher spending, and a weaker economy”.

Meanwhile Andrew Lilico, a right-wing economist supportive of the tax cuts, hit out at the IMF as a “left-wing body” after its rare criticism of a developed country as the lender of last resort highlighted the negative impact of the tax cuts.

The scale of the crisis in the markets has led to unease in some quarters of the Tory party, while Labour has joined calls for parliament, currently on a conference recess, to be recalled.

“The government has clearly lost control of the economy,” Keir Starmer told reporters in Liverpool.

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Category Archives: Andrew Griffith

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